Quote:
Originally posted by Nizzle
Let's see. Reagan cuts taxes (for the wealthy), deficit booms, economy falters. Clinton raises taxes back to where they were (for the wealthy) with a modest increase (4.3 cents to the gallon) on gas, economy booms, budget balances, surplus for the looming social security disaster begins to accumulate. Conclusive? Not at all. I tend to agree that these things don't have much of an effect on the overall economy. But with Bush selling the line that tax cuts (to the wealthy) will make our economy prosper, it is only prudent to examine history and see how that claim stands up. It doesn't stand up very well, at least superficially.
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"Superficially" is the operative word here. The 80's under Reagan were boom times. Clinton liked to take the credit for the 90's economy, and I marveled at his consistency. He took credit for a recovery that started before he was president (although it really took off after the '94 Republican landslide), and blamed Bush for the recession that began before Bush was president.
News flash: I heard John Edwards tonight. He's going to end poverty all by himself!